Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
GE Power, the energy technology company, will lay off around 170 people from its plant in Elbląg, Poland.
The steel foundry will be closed, with declining production cited as the reason. The redundancies will start at the beginning of July and will last until the end of March 2025, employees of the foundry will be made redundant. The intention to make group redundancies has been notified to the Labour Office, there are no agreements with the trade unions yet.
GE Power is part of US giant General Electric. Its steel foundry had been operating in Elbląg since 1948.
Eurofound (2024), GE Power, Closure in Poland, factsheet number 201085, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201085.